Aerospace, Defense & Security Technology ReportBlockchain Report

Blockchain in Aerospace & Defense - Thematic Research

Aerospace & defense companies have a large amount to gain from Blockchain technology, in supply-chain, products and security systems.

Aerospace and defense companies have huge supply chains, extremely complex technologies and very large budgets to manage and a secure decentralized blockchain ledgering platform could help to dramatically improve the handling of these assets. Many even see it as unlocking new technologies and products when combined with artificial intelligence (AI) and huge computing power.

More than 80% of aerospace and defense companies see themselves as having blockchain technologies integrated into their processes by 2021.

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  • What you need to know...
  • GoDirect Trade – a newly developed platform by Honeywell is a blockchain-based e-commece platform. Designed to facilitate the online retail of aviation parts globally, it helps airlines, air transport and business aviation customers by providing access to new and used aircraft parts.
  • First blockchain satellite is expected to launch next year by XYO Network. Signing a deal with Spaceflight Industries, their SpaceX Falcon 9 rocket will launch the blockchain satellite.
  • Spacebit to utilise blockchain and cryptocurrency technology for the launch of a decentralised and democratised platform to fund space exploration.

GlobalData’s Blockchain in Aerospace & Defense – Thematic Research report to understand more about the developments of the technology within the industry, as although it is extremely new and most applications are at pilot stage, the potential is extraordinary. Learn how to benefit from the rise of blockchain while minimizing costs with GlobalData’s analysis and key recommendations.

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